Royal Nickel Corp. RNKLF

Non-dilutive financing.Enough cash to move Beta Hunt forward

[pierreg]

CRUX Investor on Twitter May 22nd 2019: «Non-dilutive financings. Dumont funded to FS. Enough cash to move Beta Hunt forward. ». In-depth Mark Selby interview here: https://youtu.be/GyyxHlQpqFk+ »

Short video: https://twitter.com/CruxInvestor/status/1131235729286291461

My transcript:

Matthew Gordon: «Can we talk about the finances and financings so even recently, a financing 12 M $ why did you do that and what are you going to do with it?»

Mark Selby: «Again, we had this coming, a 25 M $ AUD potential payment if we had to exercise the option again, the risk of announcing an option to do something without the financing fully in place at that point, is the market sells off in advance thinking that you're going to come to the market with the big raise. So, we thought it was important to do that raise at that point in time. If the deal did not go forward, we'd be able to use that cash to do more exploration at Beta Hunt. I've said to investors before, I said you know if there's someone like Osisko on this asset, there'd be 12 drill rigs going. There's just that many targets to go after and so, we put that in place with that and with the financing that were looking at right now and again we're making good progress on a number of non diluted financing opportunities. We'll have the cash that we need to complete the deal and the cash we’ll need to continue to move those assets going forward. »

Matthew Gordon: «Obviously, the large nuggets that are at the end of their world tour, perhaps a citation about that?»

Mark Selby: «We're monetizing those.»

Matthew Gordon: «Can you give us a sense of what they're worth because I'm not quite sure how you go about selling something like that?»

Mark Selby: «Yeah, basically I mean we're looking at premium somewhere we've been offered somewhere between fifty and a hundred percent type pre news for most of the most of the stones, so we'll be working with some advisors to get those out the door sooner than later.»

Matthew Gordon: «Right, right but no sense of what range you'd expect?»

Mark Selby: «Fifty to hundred percent premium on top of the gold value.»

Matthew Gordon: «Right but do you know what that build value is?»

Mark Selby: «Yeah, we do, I mean we have almost 4000 ounces and specimens that are there 2000-4000 ounces of value.»